Elliott Wave Analysis On EURUSD And EURAUD

By: Gregor Horvat | Tue, Nov 1, 2016
Print Email

Euro broke above the 1.1000 mark, so it looks like that rally from 1.0849 is now surprisingly strong with a structure of a double zigzag that can reach 1.1080 area soon.

EURUSD, 1H

EUR/USD 1-Hour Chart

EUR is also looking very strong against other currencies, even against the AUD despite a nice push up on metals today. EURAUD is underway to 1.4520 short-term target, but it may get even to 1.4600 by the end of the week, if today's price will end the day above the channel line.

EURAUD, 1H

EUR/AUD 1-Hour Chart

 


Interested in our services? We have a Special Offer: Get 14 Days Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com